Metavesco, Inc. (OTC: MVCO), a diversified holding company, has announced a significant upgrade to its Bitcoin mining operations with the acquisition of Bitmain Antminer S21+ 235TH units. This strategic move is set to boost the company's total hashrate by approximately 3,000 TH/s, marking an 11.5% increase in its mining capacity. The new miners are expected to produce Bitcoin at a cost of $55,000 per coin, a figure that stands in stark contrast to the current market price of Bitcoin, which hovers near $120,000.
Ryan Schadel, President and CEO of Metavesco, emphasized the importance of this expansion, stating, 'Every new miner is a brick in the fortress we’re building.' The addition of these high-efficiency miners not only enhances the company's ability to produce Bitcoin at a lower cost but also positions Metavesco within the institutional miner category, granting access to larger and more profitable mining pools.
This expansion is part of Metavesco's broader strategy to build a dual-asset digital treasury, combining Bitcoin mining with its recently announced Ethereum position. Schadel described Bitcoin as 'digital gold' and Ethereum as 'the infrastructure layer of global finance,' highlighting the company's focus on acquiring high-conviction digital assets to strengthen its balance sheet with minimal shareholder dilution.
The implications of Metavesco's mining expansion are significant for both the cryptocurrency industry and investors. By increasing its mining capacity and efficiency, Metavesco not only solidifies its competitive edge but also contributes to the broader adoption and stability of Bitcoin as a digital asset. For investors, this move represents a strategic approach to capitalizing on the growing demand for cryptocurrencies, offering a glimpse into the potential for non-dilutive growth and long-term value creation in the digital asset space.
For more information on Metavesco's operations and strategic initiatives, visit https://www.metavesco.com.
